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To: accountclosed who wrote (18871)2/10/1999 12:25:00 PM
From: Cynic 2005  Respond to of 86076
 
We have addressed this issue before. If the market goes down by:
1-5%, it is a "consolidation" before going higher.
5% is called a "pullback"
10% is called a normal "correction." This is where monkeys press buy button. Bob Brinker issues a "horse manure buy" recco! -g-
At 12% down, "this correction is over done!"
15% the market is "sold-out" a statement that comes out for the 5th time in 3 weeks form Richard Scarlata.
19.5% UNCLE AL! Waaaah! Waaaah! Those shorts pushed and punched and knocked my stocks down. -g-



To: accountclosed who wrote (18871)2/10/1999 1:04:00 PM
From: bill meehan  Read Replies (2) | Respond to of 86076
 
Thanks for the help. Have been chanting, "Dips are for chips, dips are for chips, dips are for chips..." but getting very strange looks from others in the office. Anyway, just got off the phone with the nice woman that books for Squawk, and I guess I'm on the second team now. <g> Will be co-hosting the little-watched (they don't ever seem to promote it) weekend edition. It's much more rushed than the daily edition since it's only a half-hour, but it's always fun (and a challenge) to appear with Mark Haines. Will tape on Friday, so at least it gives me an excuse to start the weekend a bit early.